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Texas Trio Arrested in $14M Gift Card Fraud Scheme

12/23/2025

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Summary

Story summary

Three men were arrested in Texas for a $14 million gift card cloning scheme affecting 10 stores since May.
The Texas Financial Crimes Intelligence Center reported the suspects had over 400 gift cards at the time of arrest.
The scheme involved stealing unactivated gift cards, copying numbers, and returning them to stores.
Gift card scams accounted for $217 million of the $10 billion in fraud losses in 2023.

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Story summary

Three men were arrested in Texas for a $14 million gift card cloning scheme affecting 10 stores since May.
The Texas Financial Crimes Intelligence Center reported the suspects had over 400 gift cards at the time of arrest.
The scheme involved stealing unactivated gift cards, copying numbers, and returning them to stores.
Gift card scams accounted for $217 million of the $10 billion in fraud losses in 2023.